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They are Back!

They are Back!
How was your week? To be frank, I have really liked a lot about our Covid-19 time. There has been more time, my mind is clearer and my focus more meaningful. Relationships for me are better and I love my work even more. Executive Summary Its 6.00 pm Saturday – what a week Street Auctions are back Marketnews Multi [...]
Light on the Horizon

Light on the Horizon

This may have been the last of my regular, really long, walks for a while. It’s 6.00 pm Saturday and what a change in outlook this week from last week. We have moved from pause Pre-Easter, to part-time Post-Easter, to full-time from next week. The phones are ringing again, meetings and walk through of homes are happening and [...]
The market can get better, quicker.

The market can get better, quicker.

Walking in the weather this week was mind-clearing and I miss those mountains. It’s 6.00 pm Saturday and it’s been a solid week with the market seemingly turning one small corner, as a few more venture back out. Two sweet little deals over the line (Sam Rigopoulos from Jellis Craig and Mark Konishi from Belle Property), the [...]
2nd half up market – here’s how

2nd half up market – here’s how

Executive Summary: Improve our economic situation immediately at NO ADDITIONAL COST to governments through a property market improvement. 3 key components of actionable demand, as opposed to underlying demand where friction and barriers lie: Belief, Trust and Money 3 property market lubricants – the WD-40 if you like –  that will reduce friction/barriers thereby encouraging underlying demand to move to [...]
New Decade – New Market

New Decade – New Market

Looking to establish an industry-wide, single style online Auction platform – managed by each agent? It’s Saturday 6.00 pm and this week felt a little more positive in the Inner Melbourne high-end property market. Why? We think we all know we are at a bottom in terms of activity (almost none) – so it can only be up [...]
Government changes mind and a limited market can continue

Government changes mind and a limited market can continue

Property Inspections – Important Update Date: 13 Apr 20 The REIV is pleased to advise that the Consumer Affairs Victoria website  has been updated to reflect what we have always believed to be the correct interpretation of the Stay at Home Directions (No 2) and Restricted Activities Directions (No 3). NOTE: These Directions will be amended and/or extended today for [...]
The Brady Bunch

The Brady Bunch

It’s 6.00 pm on Saturday, 4th April and this week the isolation has given me the ability to have longer, more in-depth and focused conversations with some of the many people I respect in our industry. It has also given the ability for some to wind down and reflect before (re)setting a course after Easter. At the [...]
Pause

Pause

It’s 6.00 pm Saturday and our week has finished a lot better than it has for many others. We genuinely feel for you out there. Today in Inner Melbourne high-end property we are focussing on; What has happened in the market this year What is happening right now Our short and longer-term futures with Inner Melbourne Property. We will do [...]
Some very strong results. Some very weak results.

Some very strong results. Some very weak results.

The Very Strong 4 bidders – Volcano – $4,322,500 – 23 Duke Street, Kew – Walter Dodich This was a home we were intimately involved in the sale management of from start to finish and it was brilliantly sold by Walter Dodich. He priced it well, marketed it well and auctioned it well. Whilst it got slightly more [...]
Virusolatility

Virusolatility

Market Mindset Medical Today’s auctions to complete our 100 auction test – randomly selected yesterday. Our 2020 Opening Market, 100 Auction Test, over 3 weeks across Boroondara, Bayside+Port Phillip and Stonnington had an average clearance rate on the 100 auctions of 66%. Ok, you say but look how it came. Down Up Down. Volatility is the canary sign of impending change. Is [...]
Opening Market 2020 – second surprise

Opening Market 2020 – second surprise

What a difference a week makes and who can figure – go figure. Last week the Inner Melbourne Clearance Rate was 59%. This week, after the biggest economic fall since the GFC, it’s 81%. Bidderman has gone up from 1.6 to 1.8 on 42 auctions. Volcanoes have doubled to 20% (last week 10%) and ducks have halved to [...]
Opening Market 2020 – first results surprise

Opening Market 2020 – first results surprise

G’day and welcome to “The Opening Market 2020”.  Our first 100 Auction Test for high-end Inner Melbourne homes this year. Week one of our 3-week campaign. The results were pretty clear. You can see them below and we also kept additional stats at all auctions today, which we have decided not to evidence here as ……. [...]
Control or Be Controlled

Control or Be Controlled

The 2 G’s! Gina and Geordie at 17a Nevis Street Camberwell Is it still plagiarism when you copy your own work. Please explain the Feb Pep in 2019 2020! The Feb Pep Is a positive vibe from increased numbers of refreshed buyers out in the marketplace and it occurs every February. It’s like the first round of the footy [...]
Welcome 2020

Welcome 2020

Thank you to all those incredible firefighters who protected us all over the summer break. Thank you very much, what a great job you did and are still continuing to do. Short Version (1 minute) Long Version (5 minutes) Community We have some great clients and in 2020 we are actively supporting the community groups and charities our clients [...]
What a down and up year! Volatile!

What a down and up year! Volatile!

Welcome to our final Marketnews in 2019. We have really enjoyed the year, hope you have. This is our Bumper Summer Edition. Big Stat: Today only 1 in 10 auctions were tearaways! ARMADALE, 17 Seymour Avenue. John Manton (Marshall White) Under the Hammer $3,570,000, 6 Bidders GLEN IRIS, 3 Malvern Avenue. Daniel Wheeler (Marshall White) Under the Hammer [...]

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